News

Linking pension payouts to the CPI instead of the RPI will force pensioners to raid their savings and investments, Schroders Investment Management claims.

AUSTRALIA - Australia's median growth superannuation fund returned 2.2% in July on the back strong equity performance over the month.

NEW ZEALAND - The New Zealand Superannuation Fund increased its global equities exposure from 45.1% to 63.1% over the month to July 31 and reported pre-tax returns of 4.76%.

NORWAY - The Norway Pension Fund Global has divested from two Israeli companies and a Malaysian business claiming the firms engage in "grossly unethical activity".

UK - The number of FTSE 250 companies providing final salary benefits to a large number of employees has fallen to just 15, Pension Capital Strategies says.

The number of FTSE 250 companies providing final salary benefits to a large number of employees has fallen to just 15, Pension Capital Strategies says.

Investment staff at the Universities Superannuation Scheme shared bonus payments of almost £3m last year, a union claims.

US - The Pension Benefit Guaranty Corporation (PBGC) expects to pay out almost five times as much to insolvent multi-employer plans than it has done over the past 30 years.

The Life and Longevity Markets Association has unveiled proposals for a standardised framework for longevity indices, to help facilitate market participants doing longevity transactions.

UK - The coalition government's pensions tax relief proposals risk "pulling the rug" from underneath occupational provision, a consultant warns.